New West Virginia Law Eliminates Sales Taxes on Guns and Ammo

[pipedreams]

"A new law that went into effect recently in West Virginia eliminates the sales tax on all small firearms and ammunition, meaning that customers can purchase most handguns, shotguns, and rifles without any sales tax.

The law, which went into effect on July 1, was enacted after the passage of House Bill 2499 earlier this year. The bill is designed to promote business and economic growth.

“If you are going to buy that $2,000 rifle, it’s going to be $120 cheaper here in West Virginia than compared to our neighboring states,” said Delegate Gary Howell, a Republican, according to local news outlet WOWK-TV.

The law is also designed to encourage gun and ammunition manufacturing in the state by allowing tax credits for arms and ammunition makers. Ranger Scientific, an ammunition maker, said in May that the company will build an ammunition plant in Montgomery due to the tax law, providing more than 400 jobs."

https://www.theepochtimes.com/mkt_app/new-west-virginia-law-eliminates-sales-taxes-on-guns-and-ammo-huge-economic-boost_3886249.html

"“If they do a $1 million piece of equipment, we will tax it as if it’s a $50,000 piece of equipment. That’s to encourage investment in the state,” Howell told the station. “It makes West Virginia the single best place to locate arms or ammunition manufacturing plant,” he added of the law."

Edited July 4, 2021 by pipedreams